Brazil - U.S. Business Council

  • About
    • Leadership
    • Meet the Team
    • BUSBC Policy Agenda
    • Events
  • Policy Agenda
  • Newsroom
    • Publications
    • Photo Gallery
  • Membership
    • Member Companies
    • Sponsorships
  • DID Member Login

Minister readies Brazil for another big deficit in 2017

June 29, 2016 by

Brazil’s public sector will roll up another big primary budget deficit in 2017, Planning Minister Dyogo Oliveira told reporters Wednesday. He said, “The deficit  won’t be less than R$100 billion.” The expected 2016 deficit is an unprecedented R$170.5 billion. Primary budget figures do not include interest payments on debt. With such payments included, Brazil’s public sector deficit is expected to top R$500 billion this year and again next year. Oliveira said he will present Congress with a detailed budget plan for 2017 as early as next week. Brazil’s government is facing persistent deficits as the rise in government spending outstrips inflation. Meanwhile, revenues are declining due to an economic slump.

Link to Folha news agency report

More Testimonials

Filed Under: Brazil News

Brazil In The News

Brazil-U.S. Business Council

View All Brazil News Alerts

Connect With Us

Brazil-U.S. Business Council
1615 H Street NW
Washington, DC 20062

Phone: 202-463-5729
Email: brazilcouncil@uschamber.com

  • Facebook
  • LinkedIn
  • Twitter
Copyright © 2021 | Brazil-U.S. Business Council | Privacy Policy